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the closest thing to a hero is ben bernanke. closest thing we have got to the guy walking on the moon. not a hero but with the financial markets today, the man who could promise a rescue then actually deliver. on a day we say by two legendary performance because research time and when year with buying all the treasury bonds seeking get his mitts on. what is more he just makes a super hero promise keeping them low three years. we have a hard enough time getting leaders to stick to their promises. they seem out of this world of the expectations are to keep financially safe. if only neil armstrong had it so easy. he just walked on the moon. this guy walks on water. what is appropriate to say mitt romneyhe
the closest thing to a hero is ben bernanke. closest thing we have got to the guy walking on the moon. not a hero but with the financial markets today, the man who could promise a rescue then actually deliver. on a day we say by two legendary performance because research time and when year with buying all the treasury bonds seeking get his mitts on. what is more he just makes a super hero promise keeping them low three years. we have a hard enough time getting leaders to stick to their...
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Sep 14, 2012
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the ben bernanke bounce continues. a lot of people thought there might be sell-offs and people taking a profit on what happened with the ben bernanke bounds. the bouncing ball continues. we will see what happens over the weekend but all the indices higher and didn't get the bump it did yesterday but the fact that there was confidence above 50 on the dow 50 points to not the same percentage, on the s&p and nasdaq. almost a full percentage point, doing extremely well and small and midsize cats as well. the largest gainer of all these indexes, small and mid-size cavs. when the bells ring that is what action begins. we have a full pack our. reagan budget director david stockman will tell us why he is on warpath against the fed and starting to question whether capitalism itself can survive post ben bernanke. four years since the collapse of lehman brothers. you have somebody who says he found the next lehman brothers and you worked here when it was spiraling down. larry mcdonald coming up. we will tell you what drove the ma
the ben bernanke bounce continues. a lot of people thought there might be sell-offs and people taking a profit on what happened with the ben bernanke bounds. the bouncing ball continues. we will see what happens over the weekend but all the indices higher and didn't get the bump it did yesterday but the fact that there was confidence above 50 on the dow 50 points to not the same percentage, on the s&p and nasdaq. almost a full percentage point, doing extremely well and small and midsize...
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Sep 14, 2012
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and ben bernanke -- ben bernanke printing more money. the dow at 1396. gold reacting to the middle east but more to ben bernanke. three higher today. and the middle east play as well as ben bernanke. $99.73 up $1.42. and $3.87 for regular $4.12. ben bernanke print. the market's rally. and listen to this from augusta. >> he is a new member. should be a new person in the chairman's position. someone who shared my economic views. >> kevin brady joins us from capitol hill. >> thanks for having me. stuart: if it was president romney and he replaced ben bernanke and replaced him with someone who wants to stop printing money interest rates will go straight up and our economy would go straight down. >> governor romney. has the right to choose a fed chairman who agrees with him. i think governor romney heads this issue on target for two reasons, the fed actions yesterday seeming rebuke to the obama administration. the fed still feels obliged to try to stimulate the economy. secondly, long-term interest rates and liquidity are not the roadblocks to the economy. wh
and ben bernanke -- ben bernanke printing more money. the dow at 1396. gold reacting to the middle east but more to ben bernanke. three higher today. and the middle east play as well as ben bernanke. $99.73 up $1.42. and $3.87 for regular $4.12. ben bernanke print. the market's rally. and listen to this from augusta. >> he is a new member. should be a new person in the chairman's position. someone who shared my economic views. >> kevin brady joins us from capitol hill. >>...
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Sep 15, 2012
09/12
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gerri: i want to talk about ben bernanke and the fed. listen to this from ben bernanke. >> to fiscal cliff isn't addressed, don't think our tools are strong enough to offset the effects of a major fiscal shock so it is really important for the fiscal policymakers to work together to find a solution for that. gerri: what do you make of the fed's move? it struck me as overreaching in the extreme especially when he himself says we really don't have the tools to deal with unemployment. >> i think he means we the fed. we reduce the increase in government spending a little bit with the sequester. that is a good thing for the economy. you'd are you high you allocate reductions in the increase but that is helpful to the economy. the other is a massive tax increase of $500 billion over the next year. $100 billion in increased spending and they panic. talking raising taxes 500 le in dollars next year and for the next 10 years. that is very damaging for the economy, we should not confuse spending reduction with tax increases, the alternative minimu
gerri: i want to talk about ben bernanke and the fed. listen to this from ben bernanke. >> to fiscal cliff isn't addressed, don't think our tools are strong enough to offset the effects of a major fiscal shock so it is really important for the fiscal policymakers to work together to find a solution for that. gerri: what do you make of the fed's move? it struck me as overreaching in the extreme especially when he himself says we really don't have the tools to deal with unemployment....
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Sep 15, 2012
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>> ben bernanke is trying to stimulate the u.s. economy. and in qe3, what he will do is create money and use that money to buy mortgage-backed securities. >> paul: what is it supposed to accomplish? >> the goal is to push down long-term interest rates and by that he thinks that people who have-- investors who would otherwise be buying bonds and capturing a higher interest rate will say, oh, there's no return there, i'm going look for something that gives me a higher return and hoping they will employ that capital in a real economy and that will stimulate growth. >> okay, so, third time the charm here, dan? he tried it twice and might have worked arguably the first time to get us out of the panic, the second time not much obviously. but what about this time? >> what reason is there to believe it would happen this time? >> he said this time it's unlimited. not going to end. every year, 40 billion a month right now, if that doesn't work, we'll buy another 40 and we'll buy another and another until it finally works. >> two things have to happen
>> ben bernanke is trying to stimulate the u.s. economy. and in qe3, what he will do is create money and use that money to buy mortgage-backed securities. >> paul: what is it supposed to accomplish? >> the goal is to push down long-term interest rates and by that he thinks that people who have-- investors who would otherwise be buying bonds and capturing a higher interest rate will say, oh, there's no return there, i'm going look for something that gives me a higher return and...
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Sep 1, 2012
09/12
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so why does mitt romney think that ben bernanke is dead wrong? well, the two rounds that are referred to as quantitative easing, ben bernanke's fed has injected $2.3 trillion into the economy. that is $2.3 trillion that did not exist before the fed created them, a bernanke said something inkr incredible that he has never done before and he is trying to prof why the $2.3 trillion has worked, because it has created 2 million private sector jobs created as a direct result of the easy money. that is interesting, because that is an interesting link between jobs and how much he spent, because that is not a cheap cost per job, because it is more than a cool $1 million per job, and 1.2 million to be exact. and repeat that, because it did take a second to digest it. 1.2 million per job, and so for those who are keeping track, we are not counting the president's extra $2 trillion or so in stimulus in that money, just the fed's money, divided by the number of jobs. history though may prove that ben bernanke is completely right, because as i said this has ne
so why does mitt romney think that ben bernanke is dead wrong? well, the two rounds that are referred to as quantitative easing, ben bernanke's fed has injected $2.3 trillion into the economy. that is $2.3 trillion that did not exist before the fed created them, a bernanke said something inkr incredible that he has never done before and he is trying to prof why the $2.3 trillion has worked, because it has created 2 million private sector jobs created as a direct result of the easy money. that...
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Sep 14, 2012
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then which mandate does ben bernanke choose? >> yeah, that's something rick santelli has been talking about today. what are you expecting next week, rick? >> i think from a data side, i always enjoy when we get a couple housing numbers, existing home sales, starts. that's going to be good. i also want to see how the market digests what happened yesterday with the fed and what is ongoing with regard to europe. i haven't been or wouldn't think that we'd see a big correction in stocks. although, i'll tell you by the behavior today, i'd be a little more cautious. feds and central banks around the world have always tried to leave their imprint on interest rates. i find it fascinating that the market, despite all the ownership that the fed has in terms of inventory of treasuries, for example, to see rates move up as much as they are, knowing how many out there are still long makes me a bit nervous that this could gain momentum to the up side. i don't know if 2% is going to be challenged, but i think based whoon i hear from investors,
then which mandate does ben bernanke choose? >> yeah, that's something rick santelli has been talking about today. what are you expecting next week, rick? >> i think from a data side, i always enjoy when we get a couple housing numbers, existing home sales, starts. that's going to be good. i also want to see how the market digests what happened yesterday with the fed and what is ongoing with regard to europe. i haven't been or wouldn't think that we'd see a big correction in stocks....
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Sep 13, 2012
09/12
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do you think that ben bernanke is taking sides in this election? >> you know, i'm a cynic and i don't like central banking. i don't, jump at chances to bash bernanke. i thought it would, say that, he is probably more worried about his reputation and he think he honestly wants to prove his economic theories work because he put a lifetime into it. and think of much time and effort he put into studying the depression. if i'm right and he is wrong, it destroyed his whole thesis of the last 30 or 40 years. he thinks more about that whether he does get reappointed. he wants to be proven right on these issues shoes. i think he is truly academician rather than a party player and only doing this for obama. but there is a history that federal reserve chairman have in the past tried to accommodate the president. david: it happened a couple times. perhaps not this one. the middle east finally on the middle east, does it make sense for us to give money to countries in the middle east that can't or won't protect our own embassies there? >> i don't think it makes
do you think that ben bernanke is taking sides in this election? >> you know, i'm a cynic and i don't like central banking. i don't, jump at chances to bash bernanke. i thought it would, say that, he is probably more worried about his reputation and he think he honestly wants to prove his economic theories work because he put a lifetime into it. and think of much time and effort he put into studying the depression. if i'm right and he is wrong, it destroyed his whole thesis of the last 30...
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Sep 14, 2012
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is ben bernanke really going to help housing? i talked to traders, in the first half of this year, over 40 billion in securities have been forced back on the banks, the likes of the gses. those will be passed along. maybe we'll get the banks more active, but the unintended consequence isn't that. any kind of benefits on the securities side, they'll probably end up in a lot of firms that trade mortgage-backed securities. in terms of open-ended, yes, maybe it's open-ended. a lot of things in this government that are open ended. november 5 is 53 days away. these are all major election issues. free markets for free men. now, we have managed markets for managed men. back to you. >> thank you very much, rick santelli. >>> a quick market flash in the beverage market. we have the latest. >> melissa, the overall beverage sector is underperforming the major indices. dr. pepper is one of the biggest decliners on the s&p 500. recent data indicating that dr. pepper brand sales are down 2.9%. amid a 4.4 volume slump. simon, back to you. >> tha
is ben bernanke really going to help housing? i talked to traders, in the first half of this year, over 40 billion in securities have been forced back on the banks, the likes of the gses. those will be passed along. maybe we'll get the banks more active, but the unintended consequence isn't that. any kind of benefits on the securities side, they'll probably end up in a lot of firms that trade mortgage-backed securities. in terms of open-ended, yes, maybe it's open-ended. a lot of things in this...
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say ben bernanke. they know a lot. >> you are saying i shouldn't do what i think my job is, to be a reporter, and get as much information -- you understand i do my job and i'm proud of how i do my job. i don't care what you guys think, at the end of the day, guys. at the end of the day my job is to guide viewers and investors, give them the best heads up policy i can on what the fed policy will be, and i did it right. >> i wasn't even trying. normally i would be taking credit. >> that's what i'm saying, joe. >> you to a great job. >> my point was, steve. my point was -- >> what's your point? >> for a long time i think your view on whether there was a qe3, was based on whether there should have been a qe3. and i think that now we're seeing this. you heard kevin speaking -- >> can we -- can you listen for one second? we have breaking news that we're going to be announcing right now the markets are going to want to hear. there is a change in the dow jones industrial average this morning. you are bringing
say ben bernanke. they know a lot. >> you are saying i shouldn't do what i think my job is, to be a reporter, and get as much information -- you understand i do my job and i'm proud of how i do my job. i don't care what you guys think, at the end of the day, guys. at the end of the day my job is to guide viewers and investors, give them the best heads up policy i can on what the fed policy will be, and i did it right. >> i wasn't even trying. normally i would be taking credit....
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Sep 14, 2012
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can mitt romney follow through the door that ben bernanke opened? >> listen, he brought this up in that interview that you just played. but it can't be one answer to one question. he needs to repeat it. that democratic convention their big message was, listen, things are slow, but we're on the right path, stay the course, we're doing the right thing. remember the greenspan put, this the bernanke short. he's saying we're not on the right path, we can't stay the court, i have to do some kind of radical experimental monetary policy to do something, anything, to boost this economy. that's what romney should say. this recovery is built on debt and cheap credit. >> governor rendell, i want to ask you -- let's put it different. i know you're a former dnc chairman. i know you're a very successful democratic governor. if you were advising romney, ed rendell, if you were advising romney, would you tell him to follow in bernanke's footsteps antsz bernanke had pessimistic statements about the economy. wouldn't it behoove romney to do that? i know he's not doing
can mitt romney follow through the door that ben bernanke opened? >> listen, he brought this up in that interview that you just played. but it can't be one answer to one question. he needs to repeat it. that democratic convention their big message was, listen, things are slow, but we're on the right path, stay the course, we're doing the right thing. remember the greenspan put, this the bernanke short. he's saying we're not on the right path, we can't stay the court, i have to do some...
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>> well, we're not sure either as is ben bernanke. you know, this will depend upon the period between november and january and who's elected. i suppose, but eventually, the cliff, we won't see a wily coyote over the cliff and falling down into the deep canyon. i think it's going to be resolved, but there's going to be some negative drag in term of the economy with potentially higher tax rates for the rich and potentially lower spending in some areas. so fiscally, the economy needs to get an injection of adrenaline just like ben bernanke has provided this week. >> so, you sent out a tweet at the end of the week. buy gold, buy a house. tell me the imact of this. are you saying you want to buy hard assets? >> i think this is the era of reflation or attempted reflation. what ben bernanke is doing is basically writing checks. it's hard to imagine that from the standpoint of main street, but they're going to be writing 500 billion to a trillion dollars worth of checks over the next year or two. that increases prices. reflates the economy. t
>> well, we're not sure either as is ben bernanke. you know, this will depend upon the period between november and january and who's elected. i suppose, but eventually, the cliff, we won't see a wily coyote over the cliff and falling down into the deep canyon. i think it's going to be resolved, but there's going to be some negative drag in term of the economy with potentially higher tax rates for the rich and potentially lower spending in some areas. so fiscally, the economy needs to get...
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the only at ben bernanke you have the two trillion dollar balance sheet that can do a lot more damage if you have nuclear weapons ok and you're certainly slightly the range you're far more dangerous than a fool with a range tyrant who always and k forty seven. but these guys are you know these guys like ben bernanke he's a disaster yeah and we argue with zero percent in his arsenal dimitry that affects the entire globe we're going to scare the new interest rates and raise affect the entire globe it scares it scares me absolutely this are you kidding me the u.s. dollar is been the reserve currency since world war two yes so this guy is a global banking money because i'm going to go there are going to lose control my give me all fired up about my kitchen was relaxed and i saw a bird i can guess who. apparently evidently in no north american or western european central bankers made it on to this list what a shocker i mean what you can only do wrong if you're not part of the western cartel. and that's you know you can only do wrong if you're here and there was a part of the saying i don't
the only at ben bernanke you have the two trillion dollar balance sheet that can do a lot more damage if you have nuclear weapons ok and you're certainly slightly the range you're far more dangerous than a fool with a range tyrant who always and k forty seven. but these guys are you know these guys like ben bernanke he's a disaster yeah and we argue with zero percent in his arsenal dimitry that affects the entire globe we're going to scare the new interest rates and raise affect the entire...
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but these guys are you know these guys like ben bernanke use of the sr yeah and we have you with zero percent in his arsenal dimitry that affects the entire globe who are very scared and you know that interest rates and rates affect the entire globe. absolutely this are you kidding me the u.s. dollar is been the reserve currency since world war two yes so this guy is a global banking money because i'm going to go there are going to lose control my give me all fired up about my kitchen i was relaxed and i sort of goes through. apparently evidently no north american or western european central bankers made it on to this list what a shocker i mean what you can only do wrong if you're not part of the western cartel. and that's you know you can only do wrong if you're here and there was a part of the saying i don't want papers thinks that there are those absolutely one thousand nine hundred eighty four means the opposite of what what it's supposed to do we will leave it there that's all we have time for though thank you so much for watching hope you enjoy the show be sure to come back tomo
but these guys are you know these guys like ben bernanke use of the sr yeah and we have you with zero percent in his arsenal dimitry that affects the entire globe who are very scared and you know that interest rates and rates affect the entire globe. absolutely this are you kidding me the u.s. dollar is been the reserve currency since world war two yes so this guy is a global banking money because i'm going to go there are going to lose control my give me all fired up about my kitchen i was...
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Sep 13, 2012
09/12
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>> nothing to do with ben bernanke. let's make that clear. charged with taking the containers over a period of months and reselling them to bodegas in queens. that's capitalism. >> if i can stop there on the way to the airport -- >> you can buy them that were stolen from the airport. >>. >> ben bernanke in action right there. >>> a pop for the germany index fund. pete? >> yeah, name i am long, one of my largest positions, again. i think europe made it an inflection point last week. did it again today. still like it. >> up 12%, keith. >> here's a great example where brian's right, fundamentals didn't matter today. don't forget, fundamentals mattered from 23% to 5%. that's where the stock went when growth started to slow last time. >> pop here for nokia, up 6%. >> my girl is very whimsical, very volatile, and i would not consider this a reversal in the stock but an upgrade or two of what moves the stock these days. we still don't think there's a solution to fighting apple. >> and jc penney was down 1%. karen? >> that's because it's too expensiv
>> nothing to do with ben bernanke. let's make that clear. charged with taking the containers over a period of months and reselling them to bodegas in queens. that's capitalism. >> if i can stop there on the way to the airport -- >> you can buy them that were stolen from the airport. >>. >> ben bernanke in action right there. >>> a pop for the germany index fund. pete? >> yeah, name i am long, one of my largest positions, again. i think europe made...
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Sep 14, 2012
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after ben bernanke fresh rally of stimulus. pete, so much for qe3 being priced in. >> the reaction is just dramatically yesterday, when you look at the three main catalysts that we have had, you go back and you can see the china stimulus and the financials for that matter, you look at the next catalyst which was clearly apple, everybody waiting to see what would be the delivery, that didn't disappoint either. the market continues to go to the upside and finally the fed, the fed put it out there, trading about 36 points higher. i will go back and continue to pound the table on this judge, we traded over 18.5 this will contracts in the options world last thursday and friday, we came this week, we trade 16 million contracts when you look back to wednesday. 22 million on thursday. and today, in an hour and a half, we traded over 11 million contracts. when guys say there's no volume, there is volume, it's shifted to where that volume really is. >> among the traders on the panel today, you've probably been the most cautious of everyo
after ben bernanke fresh rally of stimulus. pete, so much for qe3 being priced in. >> the reaction is just dramatically yesterday, when you look at the three main catalysts that we have had, you go back and you can see the china stimulus and the financials for that matter, you look at the next catalyst which was clearly apple, everybody waiting to see what would be the delivery, that didn't disappoint either. the market continues to go to the upside and finally the fed, the fed put it out...
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Sep 13, 2012
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years. >> ben bernanke has lots of employment options. he is not being motivated in this decision or his previous decisions politically. that is claptrap. it is cold sometimes on the streets. the fact is history will demonstrate clearly that ben bernanke after great courage despite the hypocrite's saying we can't take anymore loose monetary policy, he has a dual mandate as well as stability, he is doing exactly what he has to do and those arguing against him would be among the first to be shrinking the if he had not been taking these actions to push quantitative easing. cheryl: basically inflation like we have never seen before. that will be a big problem going forward. i agree with you i don't think ben bernanke is trying to get a job. he is trying to protect what he has done here and his reputation. dennis: which do you have a worse effect on lack of recovery? the fed or washington policy? gerri: washington. inflation. lou: we have not seen any steps taken by this administration or fiscal policy that makes any sense whatsoever but for t
years. >> ben bernanke has lots of employment options. he is not being motivated in this decision or his previous decisions politically. that is claptrap. it is cold sometimes on the streets. the fact is history will demonstrate clearly that ben bernanke after great courage despite the hypocrite's saying we can't take anymore loose monetary policy, he has a dual mandate as well as stability, he is doing exactly what he has to do and those arguing against him would be among the first to be...
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Sep 17, 2012
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ben bernanke loves this. absolutely inflation expectations whether you look at ten year break evens, speculation, future and options contracts are at all time highs for things like gold, coffee, oil, anything that you eat, consume or involve in your life and that's the big issue. he has basically perpetuated expectations whether stocks or oil, and that's what slows economic growth. >> would you be buying those mods? >> on pullbacks he's forced to you. understand that there's been three bubbles created by bernanke and greenspan. the internet bubble, real estate bubble and mow the commodity bubble. the commodity bubble whether it's mitt romney or barack obama it's going to be on their watch provided they keep bernanke in power. >> which may take several years to develop but you say buy the bubble before you sell. tricky. >> it's called trading. you have to risk manage it. can you invoke your inner hemingway and say this will happen very slowly and then bang happen all at once. that's what will happen when the c
ben bernanke loves this. absolutely inflation expectations whether you look at ten year break evens, speculation, future and options contracts are at all time highs for things like gold, coffee, oil, anything that you eat, consume or involve in your life and that's the big issue. he has basically perpetuated expectations whether stocks or oil, and that's what slows economic growth. >> would you be buying those mods? >> on pullbacks he's forced to you. understand that there's been...
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will history prove that ben bernanke is right? that this is something that saved and helped the u.s. economy or not? >> i think history will prove him right. i think that it's very, very -- i want to do three "verys" misleading to talk about spending money. it is correct to say the fed has been involved in a balance sheet transaction. it has been buying assets. it is holding those assets on its books. it believes, and i think there is evidence to support this view, that those assets will make money for the taxpayers. so to compare this to government spending is just misleading. number one. number two, i think it's really misleading to suggest in any way that bernanke and the fed would be influenced by the election in terms of what they would do. this is an evidenced-driven group. that's why they cited the 43 studies. unlike, unlike, if you listen to the speeches of the candidates in the convention this past week, there was no evidence. there were just assertions and there were asterisks. so the fed is following a set of evidence.
will history prove that ben bernanke is right? that this is something that saved and helped the u.s. economy or not? >> i think history will prove him right. i think that it's very, very -- i want to do three "verys" misleading to talk about spending money. it is correct to say the fed has been involved in a balance sheet transaction. it has been buying assets. it is holding those assets on its books. it believes, and i think there is evidence to support this view, that those...
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Sep 16, 2012
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bernanke with ben bernanke. he wants someone else. and he said this throughout the primary campaign. the president has been very supportive of bernanke. and i'm just wondering whether it's bernanke's way of saying, i remember what you said, governor, and remember what you've done, mr. president. >> i would just say this to dagen and people who think it's political. have you seen the recent economic statistics and-- >> it's not political ands' responding to-- >> the census data, the middle class incomes are lower than-- >> and less than two months, this couldn't wait. you had to do it right now. >> the economy is getting-- >> he had to do it right now. >> yes. >> neil: adam, he had to do it right now. >> the market going up is not going to help president obama with unemployed workers in ohio and-- it may the help the economy down the road. i agree with charlie. >> neil: oh, my god, it's like the upsidedown world. gary? >> ben bernanke has now become the biggest bundler in the history of time. >> that's a great li
bernanke with ben bernanke. he wants someone else. and he said this throughout the primary campaign. the president has been very supportive of bernanke. and i'm just wondering whether it's bernanke's way of saying, i remember what you said, governor, and remember what you've done, mr. president. >> i would just say this to dagen and people who think it's political. have you seen the recent economic statistics and-- >> it's not political ands' responding to-- >> the census...
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Sep 1, 2012
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>> susie: ben bernanke made a strong case today that the u.s. economy needs more stimulus and he's ready to give it another dose to boost growth. his message was clear and delivered with conviction. investors around the world had been waiting eagerly to hear the fed chairman's speech in jackson hole wyoming and stocks in the u.s. rallied in reaction. here are the highlights: bernanke said even though the economy has benefited from fed policies over the past few years. the outlook is still quote "far from satisfactory." he described the high unemployment rate a grave concern. he believes the fed should continue using non-traditional policies to spur growth. and bernanke concluded by saying the fed will provide additional policy accommodation as needed. >> tom: that statement was a buy signal for investors. they bought up stocks on the belief that the fed is on the verge of taking more action to stimulate the economy. blue chips rallied triple digits but pulled back by the close. the dow jumped 90 points. the nasdaq added 18 and the s&p rose seven
>> susie: ben bernanke made a strong case today that the u.s. economy needs more stimulus and he's ready to give it another dose to boost growth. his message was clear and delivered with conviction. investors around the world had been waiting eagerly to hear the fed chairman's speech in jackson hole wyoming and stocks in the u.s. rallied in reaction. here are the highlights: bernanke said even though the economy has benefited from fed policies over the past few years. the outlook is still...
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still ahead an artsy ben bernanke is putting another band-aid on the u.s. economy it's called the q e three and it's about helping the faltering housing market so is this an answer to our economic or just another quick fix. here is mitt romney trying to figure out the name of that thing that the americans call i don't. care what you. are you know what other terrorists. want to defeat terrorism the only liberal democrats. can really sort of. you know support you to distract us from what you and i should care about because they're a profit driven industry that's also sensationalistic garbage because of breaking news i'm having martin and we're going to break that. the federal reserve today announced its plan to help stimulate the economy the plan is to buy forty billion dollars of mortgage bonds a month until further notice this whole idea has been dubbed q e three and the hope is that this will bolster the economy and generate jobs this after fed watchers have been ramping up pressure for the central bank bank to take more aggressive steps to strengthen the
still ahead an artsy ben bernanke is putting another band-aid on the u.s. economy it's called the q e three and it's about helping the faltering housing market so is this an answer to our economic or just another quick fix. here is mitt romney trying to figure out the name of that thing that the americans call i don't. care what you. are you know what other terrorists. want to defeat terrorism the only liberal democrats. can really sort of. you know support you to distract us from what you and...
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Sep 13, 2012
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we don't have tools that are strong enough to solve the unemployment problem. >> that is ben bernanke saying that he doesn't have the tools and the right tools to solve joblessness. what is he doing there, peter? >> i think he's trying to manage expectations. he is digging up the quantitative easing a gender for big numbers. that is a big program, but he is putting some of the blame for this on congress and the white house. creating uncertainty for both of them for american employers. i want to talk about the possibility of this actually working to bring back the economy and unemployment. it's not me of money. this was actually created by charles payne earlier today. what you see is this benefit of the policies. stocks are higher, the s&p is up dramatic. work is rates are down. when you look at the unemployment rate, it was at 6.7% and now it is 8.1%. people are leaving the labor force. gas prices are much higher. the median home price is now lower than it was when they started. diana, what is the possibility that they can actually be successful here? >> well, they have been trying th
we don't have tools that are strong enough to solve the unemployment problem. >> that is ben bernanke saying that he doesn't have the tools and the right tools to solve joblessness. what is he doing there, peter? >> i think he's trying to manage expectations. he is digging up the quantitative easing a gender for big numbers. that is a big program, but he is putting some of the blame for this on congress and the white house. creating uncertainty for both of them for american...
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Sep 22, 2012
09/12
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too. >> i a since that ben bernanke will not be invited to the forbes' christmas party. thank you, gang. why is a new debate erupting over something that the president said when he was a state senator. the crew said everyone's money on the line you don't want to miss it. and new reports suggest that general motors wants the government to hit the road. this new fight proving that bailouts only back fire. >> the government picked him to steer general motors and now he's telling the government to get out. he is saying that the treasury department should sell the last shares they own of general motors as quickly as motor. he backed the rescue but now he said the government is holding the them back. >> the question is how long does the government stay involved. if it was involved it should have been in and out. >> and the market should decide. and they say the government will take a loss on it. the government is running a deficit of trillion. get out of the gm and let the market decide if gm prospers or goes broke again. >> despite the administration claiming they were not in
too. >> i a since that ben bernanke will not be invited to the forbes' christmas party. thank you, gang. why is a new debate erupting over something that the president said when he was a state senator. the crew said everyone's money on the line you don't want to miss it. and new reports suggest that general motors wants the government to hit the road. this new fight proving that bailouts only back fire. >> the government picked him to steer general motors and now he's telling the...
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Sep 13, 2012
09/12
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ben bernanke, the star of the stock market today. a move to ensure low rates stay low until mid-2015, close to three years from now. all this because he thinks the economy is a mess and can't recover on its own fast enough. let's get reaction from one of the most outspoken businessmen in the country, donald trump. the market sure likes this. what about you? >> i can tell you i also have stock. from a stock standpoint, you're creating basically false numbers. you're devaluing the dollar. as ronald reagan would say, here we go again. that's exactly what's happening. the numbers are false. they're being created. people like me may benefit, but it's not ultimately good for the economy. >> so what if this lowers mortgage rates even further? does that help housing? i mean, you know, do you like the fact that the mortgage rates story could get better? will that help housing? >> mortgage rates are very low, but the banks aren't lending, so it doesn't make any difference. the mortgage rates are already at record low numbers. i'm seeing number
ben bernanke, the star of the stock market today. a move to ensure low rates stay low until mid-2015, close to three years from now. all this because he thinks the economy is a mess and can't recover on its own fast enough. let's get reaction from one of the most outspoken businessmen in the country, donald trump. the market sure likes this. what about you? >> i can tell you i also have stock. from a stock standpoint, you're creating basically false numbers. you're devaluing the dollar....
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Sep 13, 2012
09/12
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stimulus wasn't the only thing ben bernanke delivered on. he also reaffirmed the need to keep rates exceptionally low to jump start the ailing economy. >> healthy investment returns cannot be sustained in a weak economy. of course, it's difficult to save for retirement or other goals without the income from a job. thus, while low interest rates do impose some costs, americans will ultimately benefit most from the healthy and growing economy that low interest rates help promote. >> veteran money manager bob olstein says the fed has it all wrong and we need to raise rates now. he's here to make his case in that regard. you're among those who feel that for a lot of reasons low rates are going to hurt the economy more than they're going to help. >> absolutely. you need good bank spreads. that's why they're not making money. by the way, i agree with what he did today. treasury rates did jump a little bit in the longer mark. we think, also, there's a crisis in confidence. that's the major problem. we need to get some confidence by business people.
stimulus wasn't the only thing ben bernanke delivered on. he also reaffirmed the need to keep rates exceptionally low to jump start the ailing economy. >> healthy investment returns cannot be sustained in a weak economy. of course, it's difficult to save for retirement or other goals without the income from a job. thus, while low interest rates do impose some costs, americans will ultimately benefit most from the healthy and growing economy that low interest rates help promote. >>...
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Sep 16, 2012
09/12
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>> ben bernanke is trying to stimulate the u.s. economy. and in qe3, what he will do is create money and use that money to buy mortgage-backed securities. >> paul: what is it supposed to accomplish? >> the goal is to push down long-term interest rates and by that he thinks that people who have-- investors who would otherwise be buying bonds and capturing a higher interest rate will say, oh, there's no return there, i'm going look for something that gives me a higher return and hoping they will employ that capital in a real economy and that will stimulate growth. >> okay, so, third time the charm here, dan? he tried it twice and might have worked arguably the first time to get us out of the panic, the second time not much obviously. but what about this time? >> what reason is there to believe it would happen this time? >> he said this time it's unlimited. not going to end. every year, 40 billion a month right now, if that doesn't work, we'll buy another 40 and we'll buy another and another until it finally works. >> two things have to happen
>> ben bernanke is trying to stimulate the u.s. economy. and in qe3, what he will do is create money and use that money to buy mortgage-backed securities. >> paul: what is it supposed to accomplish? >> the goal is to push down long-term interest rates and by that he thinks that people who have-- investors who would otherwise be buying bonds and capturing a higher interest rate will say, oh, there's no return there, i'm going look for something that gives me a higher return and...
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to people like paul krugman for example or ben bernanke have strongly associated themselves with these famous economist but if keynes or friedman were alive today do you think this they would endorse these modern thinkers policies. actually i could tell you keynes was a very intelligent man and actually he also had the flexibility to change some of his view if the arguments presented to him were convincing conditions change and it changed some of israel's and he actually there was a huge debate in the late twenty's between american economies to maintain that inflation was not just an increase in the prices of consumer goods but that they had at that time also inflation in real estate prices in the late twenty's and in installment credit and then inflation in stock prices and after the crash in twenty nine days during the depression keynes himself wrote that if someone had just looked at consumer prices and at commodity prices wholesale prices in the twenty's he would have concluded that there is no inflation but if someone had looked at credit growth and that the real estate prices and
to people like paul krugman for example or ben bernanke have strongly associated themselves with these famous economist but if keynes or friedman were alive today do you think this they would endorse these modern thinkers policies. actually i could tell you keynes was a very intelligent man and actually he also had the flexibility to change some of his view if the arguments presented to him were convincing conditions change and it changed some of israel's and he actually there was a huge debate...
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Sep 14, 2012
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fed chairman ben bernanke described today's move as "a main street policy." darren gersh reports. >> if you are unemployed or worried about keeping your job, the federal reserve today had a clear message for you-- "we're here to help." federal reserve chairman ben bernanke explained the central bank's decision to take the aggressive and innovative step of launching an open-ended program to buy up mortgage securities. the idea bernanke said is to bring down interest rates on mortgages and other loans even further in a bid to shake the economy out of its rut, and make sure high long-term unemployment does not become a permanent feature of the american economy. >> this is a main street policy, because what we're about here is trying to get jobs going. we're trying to create more employment, we're trying to meet our maximum employment mandate, so that's the objective. >> reporter: bernanke and his colleagues may have been slow to get here, but supporters of a bold approach say the fed did what was needed. >> the fed, normally, it's view is to take away the punchb
fed chairman ben bernanke described today's move as "a main street policy." darren gersh reports. >> if you are unemployed or worried about keeping your job, the federal reserve today had a clear message for you-- "we're here to help." federal reserve chairman ben bernanke explained the central bank's decision to take the aggressive and innovative step of launching an open-ended program to buy up mortgage securities. the idea bernanke said is to bring down interest...